Nvidia Corp. shares increased in expanded trading following producer of graphics processors announced third- quarter product sales and revenue that capped analysts’ estimations, raised by need for chips utilized by computer avid gamers and developers.
Product sales in the period which ended Oct. 30 increased 26 % to $1.07 billion, the Santa Clara, California-based firm mentioned in a report yesterday. That in comparison with the normal analyst estimation for $1.06 billion in profits, based on Bloomberg data. Not including particular costs, revenue was 35 cents per share, topping predictions of 31 cents.
Nvidia have been winning share of . . . → Read More: Nvidia Corp. Shares Rises; Chip Demands Boosts Profit